New construction starts in October decreased 4% to a seasonally adjusted annual rate of $678.9 billion, settling back from the elevated amount that was reported in September, according to Dodge Data & Analytics....More
John Gross, publisher of The Copper Journal, has some questions on the dramatic but somewhat puzzling increases in copper prices, the strength of the U.S. dollar, and the continuing rise of the stock market....More
The electrical industry is at yet another interesting economic flashpoint. Growth over the past three or four years has been around 3% to 4%, which is at the low end of the historical industry average. And the 3.1% growth rate that distributor readers of Electrical Wholesaling forecast in a recent survey is accurate, we are in for another year of slow growth.
Electrical Wholesaling's annual Market Planning Guide puts a wealth of regional data at your fingertips and gives you the numbers you need to create a custom forecast for electrical product sales in any of the U.S. Census Bureau's nine geographic regions, down to the metropolitan statistical area.
This gallery highlights the factors influencing growth prospects for each of the regions with links to a more in-depth look for each, including the big projects on the boards or underway and market trends that may affect the region's fortunes over the coming year.
Although individual MSAs have always marched to the beat of their own economic drums, it seems like the U.S. economy is evolving into a land of haves and have nots, with some metropolitan areas seeing growth far outpacing the national average and others struggling to maintain much growth at all....More
At the top, our outlook for next year is for industry sales to advance 4.7% from the 2016 level. Not coincidentally, the Electrical Wholesaling team is forecasting industry sales to grow 3.1% next year, after gaining 3.7% this year, compared to our minus 1.3% for 2016....More
Ever wonder which cities and towns are adding the most population? EW's Top 100 Metros Stars in Population Growth on the map below all enjoyed population increases between 2010 and 2015 of at least 5.9%, more than two percentage points over the 4.1% population growth the United States saw as a whole....More
The Dodge Momentum Index grew 4.1% in October to 133.6 from its revised September reading of 128.3 (2000=100). October’s gain nearly reversed the loss in September, and returns the Momentum Index to the rising trend that began earlier in the year....More
Lots of skyline-changing redevelopment projects on the West Coast, with more than 30 construction projects either planned or underway. Keep an eye on the plans for several gigantic projects on San Diego’s downtown waterfront — the $1.2 proposal to renovate Seaport Village and the $1.8 billion proposal for a new NFL stadium and additional convention space.
If the Federal Reserve Bank doesn’t quite understand what’s happening in the market, how can execs in the metals industry? An Oct. 14 article in The New York Times reported on Fed Chairwoman Janet Yellen’s comments at a recent event sponsored by the Federal Reserve Bank of Boston and gave some insight into the complexity of current market cycles....More
The Dodge Momentum Index fell 4.3% in September to 129.0 from its revised August reading of 134.8 (2000=100). The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year....More
Last week saw another 15,600 metric tonnes of copper go into Comex and LME warehouses, bringing the total held to 436,250 metric tonnes, representing the highest level held since Nov. 2013, yet the price continues its sideways move....More
This year’s Top 50, 61% of whom characterized 2015 as business-friendly, exhibit a blend of tempered optimism, eagerness to explore emerging opportunities, and caution in how they approach the marketplace....More
When copper pricing goes a little haywire, people notice. One of the people who notices any unusual changes in prices of the red metal before many in the industry is John Gross, who has spent his career tracking the movement of metals pricing and now publishes The Copper Journal....More
More electrical manufacturers appear to be feeling a bit more bullish about the economic conditions in the electrical market, as the August data for NEMA’s monthly EBCI Index is firmly in growth territory....More
John Gross, publisher of The Copper Journal and president, of J.E. Gross Inc., a consulting firm that tracks the metals markets, says pricing in these base metals once again seem to be out of step with reality....More
The Dodge Momentum Index moved slightly higher in July, increasing 0.5% to 134.7 (2000=100) from its revised June reading of 134.1. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year....More
The International Copper Study Group report that the global copper market posted a near 120,000 MT deficit during the first four months of 2016, as compared to a 13,000 MT surplus during the comparable 2015 period....More
Since mobile devices are so commonplace in our personal lives, we expect the same functionality in our work lives. This has become a challenge for distributors. In particular, many distributors are seeing rising expectations among their customers for faster and better service, wherever they—or their customers—are based. To meet these expectations, you need to ensure that your employees—wherever they are—can access your business system, and communicate quickly and efficiently with customers and employees at other locations....More
There’s no question eCommerce has changed the distribution landscape.
· It’s changed how you find, engage, and retain customers
· It’s changed your relationship with customers and the skills your people need to serve them
· It’s become a necessary business tool...More
In recent years, distributors have seen their markets drastically change with new competitors and new product categories appearing almost daily, and customers wanting to change the way they buy products and services. And when markets change, distributors must change....More